I’ve been basically taking half-days this week so far, due to my messed-up sleeping habits! I’m about to go to sleep now, at 12:30PM EST or so. There is more good conversation on jaiku every day, so I hope some of you blog readers are watching. It can be pretty informative.
Anyway, like yesterday, I did manage to make a pretty uninteresting scalp. This time it was on EIX (Edison International). EIX was one of the stocks I mentioned I would be watching today. I got out just 1.6 cents below what looks likely to be the high of the day. So, good for me! That’s about as good as it gets, when you exit with a market order. :-) It was for 1.33 R, but actually made more $ than the 4 R scalp I made yesterday. The stop was a little wider on this one, and I felt comfortable taking on a little more risk that way. I know that sounds backwards, but with 1 and 2 cent stops, there’s only so many shares I can stomach buying. With a 4 or 5 cent stop like today, I feel like I’ve got room to breathe.
Hopefully sometime this week I’ll be awake at a time when a good trade setup (like a triangle or a box play) will set up nicely. There just hasn’t been anything I can find in time so far this week. I’m probably just too groggy from no sleep to spot anything.
